Understanding Accuracy and Precision Accuracy and precision are distinct but interconnected concepts in the context of nursing lab reports: Accuracy: Accuracy refers to how close a measurement or result is to the true value or target value. In the context of nursing lab reports, accuracy entails ensuring that the reported test results reflect the actual physiological or biochemical parameters take my information technology class of the patient's health status. Achieving accuracy involves minimizing systematic errors or biases in the testing process.